Are we really heading for a double-dip recession?

wolvoman

geneer wrote: »

Well done. You gambled and won. End of conversation.
But I fully expect Renovation Man to be along in a second to admonish you for gambling with your family home.

The whole point is I didn't gamble. I just bought a nice place to live.

Whether I am up by £20k or down by £20k over a near 4 year period is neither here nor there. And that's all we're talking about.

geneer

Graham_Devon wrote: »

To be fair, he took a gamble, yes.

Yes he did. But he doesn't appear to think so.
Its his wicked market skillz wot won the day innit!
Whereas someone who made a different decision, well they took a gamble.

My only point here is that its a position that makes f@ck all sense, and is more about the need for self aggrandisement than succesful application of logic.

geneer

My responses in blue. Yes a lovely shade of blue.

RenovationMan wrote: »

Yes indeed. There you go.
(don't forget those who bought in 2006, and 2005 too theres a good chap).

Yep, I guess there are people who bought in 2006 and 2005 who may have regretted the sale, but as you can see from the post that wolvoman made, its not all about the purchase price.

Not need to guess. Its a certainty.


Ah yes. That vast highly relevant majority who STRed in 2001.

An Ad Hominem attack, if ever I saw one. I never said that there was a majority, I never even mentioned numbers. I merely remarked that some people STR'd in 2001 in the mistaken belief that there would be a crash. History has shown that they were very much mistaken. I stand my my assertion that its not wise to gamble with your home.

An ad hominem attack is it. What? Pointing out that your imaginary STR is pretty much irrelevent to the discussion. Tell you what, why don't you find them and get it out of your system. It seems very important to you.



But you did though didn't you RM.
You and "most of your friends".
You may claim have thrown a lucky dice, but big whoops.

Me and most of my friends simply bought larger houses as and when we needed to because of our growing families, just like most people do. Its not gambling to buy a family home when you have sufficient funds and secure jobs, nor did it involve a lucky dice.

Ah. I see. So you and your pals buying houses in a bubble = not a gamble. Someone else sitting it out = a gamble.
Bzzzzzzzz. Does not compute.

Or are you claiming you say the economic collapse coming, and also understood that the never before seen scale of it would force unprecedented emergency measures like effectively free loans from the BOE?

Another Ad hominem attack, I have never said or alluded to this, and I dont see how it fits into anything I have said in my post about the dangers of gambling with family homes?

Another attack eh. Hmmm. Seems more like a question to me.
Albeit a rhetorical one (the answer is of course clear).
So, if you did not anticpate unprecedented emergency measures,
then I guess you didn't expect (or hoped) the bubble wouldn't burst or the correction wouldn't be too bad.
Which is a bit of a punt isn't it?

I'm gonna go with "no" on that one.

DervProf

Zippy and Bungle spring to mind.

shortchanged_2

Going back to the original OP, it does look like we are heading for a double dip as growth forecasts, shock, horror like it's a surprise to anyone apart from the government and certain MSE'ers such as chucky, julieq et al have been downgraded for the following few years. And seeing as they have been consistently downgraded at every stage so far I don't expect the current predictions to be very accurate either.

worldtraveller

Yes we probably are, as posted many times over the past year, despite the vast majority of economists backing off on that prediction over the past 4-6 months. Why just a double? We could easily see a triple, or more. Why? Basically, but not exclusively, government 'on-off' market manipulation, in what is an ongoing general global downturn. The big problem though is that the magician has largely run out of white rabbits now.

ukonlineshopping

Thanks to everyone's contribution on this thread even if they got a little sidetracked :-/

Just to re-iterate the crux of my original post was "Are we really heading for a double-dip recession?"

Thoughts on that??

shortchanged_2

ukonlineshopping wrote: »

Thanks to everyone's contribution on this thread even if they got a little sidetracked :-/

Just to re-iterate the crux of my original post was "Are we really heading for a double-dip recession?"

Thoughts on that??

I refer the honourable person to my answer in post #46.

chucky

shortchanged wrote: »

Going back to the original OP, it does look like we are heading for a double dip as growth forecasts, shock, horror like it's a surprise to anyone apart from the government and certain MSE'ers such as chucky, julieq et al have been downgraded for the following few years. And seeing as they have been consistently downgraded at every stage so far I don't expect the current predictions to be very accurate either.

i'm not sure where i've said there wouldn't be a double dip recession - if anything i've said that there would be a W shape with a shallow 2nd dip.

but anyway that's not really important, you carry on with your fantasy world...

shortchanged_2

chucky wrote: »

i'm not sure where i've said there wouldn't be a double dip recession - if anything i've said that there would be a W shape with a shallow 2nd dip.

but anyway that's not really important, you carry on with your fantasy world...

Oh, sorry chucky. I didn't realise you thought there was going to be a double dip recession.